3235 Monterey Street Detroit, MI $ 330,000
3235 Monterey Street
$ 330,000
Recently Listed
Share Save

3235 Monterey Street

Detroit, MI, 48206
$ 330,000
Baths3.1 Sq 3,538

Monthly Estimate*

$ 2,032

3235 Monterey Street, Detroit, MI 48206 - Image 1
3235 Monterey Street, Detroit, MI 48206 - Image 2
3235 Monterey Street, Detroit, MI 48206 - Image 3
3235 Monterey Street, Detroit, MI 48206 - Image 4
3235 Monterey Street, Detroit, MI 48206 - Image 5
3235 Monterey Street, Detroit, MI 48206 - Image 6
3235 Monterey Street, Detroit, MI 48206 - Image 7
3235 Monterey Street, Detroit, MI 48206 - Image 8
3235 Monterey Street, Detroit, MI 48206 - Image 9
3235 Monterey Street, Detroit, MI 48206 - Image 10
3235 Monterey Street, Detroit, MI 48206 - Image 11
3235 Monterey Street, Detroit, MI 48206 - Image 12
3235 Monterey Street, Detroit, MI 48206 - Image 13
3235 Monterey Street, Detroit, MI 48206 - Image 14
Studio

Multi-Family Home for sale in Detroit, MI

for $330,000 with 3 full baths, 1 half bath. This 3,538 square foot home was built in 1924 on a lot size of 0.14.

Turnkey investment opportunity located in the highly sought-after Boston-Edison Historic District. This newly renovated property is fully leased and generating $4,200 per month in rental income, making it an excellent addition to any investor’s portfolio. The property has been thoughtfully updated throughout, offering modern improvements while complementing the character of the surrounding historic neighborhood. Positioned in one of the most desirable and rapidly revitalizing areas of Detroit, the location provides convenient access to major employment centers and popular local attractions. Nearby amenities include the iconic Motown Museum, Henry Ford Hospital, and the shops, dining, and entertainment along the Woodward Avenue corridor. Surrounded by beautiful historic architecture, tree-lined streets, and continued neighborhood investment, the area continues to attract strong tenant demand. With stable income already in place and a prime location in one of Detroit’s most notable historic districts, this property presents a compelling opportunity for investors seeking both cash flow and long-term appreciation.

See more

Multi-Family Active

Price

$ 330,000

Bedrooms

Studio

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 4,403

Style

Quadruplex

Lot Size

0.14

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261015773

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Quadruplex
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1924
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 40000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name LINWOOD HEIGHTS
Garage Y/N N
Full Baths 3
Status Active
Directions Head North on Linwood and turn left (West) on Monterey St
City DetroitCity_Wayne
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily Residential
Number Of Units Total 4
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 4
Land Lease Y/N N
Tax Annual Amount 4403.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 33301
Expected Active Date 2026-03-11
Legal Description S MONTEREY W 1/2 299 300 LINWOOD HEIGHTS SUB L35 P6 PLATS W C R 12/201 52.50 X 120.50
See more
Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3538.0
Half Baths 1
Above Grade Finished Area Unit Type SquareFeet
Total Baths 4
See more
Exterior
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 52.5X120.5
Lot Size Acres 0.14
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 3235
See more
* Excluded Features
List By
Drake O'Donnell

Listing Agent

Natod Management

Broker

(313) 693-0984

Phone

Affordability Calculator

$2,399
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,032
Monthly Property Taxes
$367
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2026$330,000 Listed Price

Map


See all

3235 Monterey Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $330,000 with 3,538 sqft and a lot size of 0.14. 3235 Monterey Street is a studio with 3.1 baths and was built in 1924. The property's zip code is 48206 which is in Detroit, MI